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1、1. Adistinguishingfeatureofanoligopolisticindustryisthetensionbetween a. profitmaximizationandcostminimization. b. cooperationandselfinterest. c. producingasmallamountofoutputandchargingapriceabovemarginalcost. d. short-rundecisionsandlong-rundecisions.ANSWER: bDIFFICULTY: ModerateLEAR
2、NING OBJECTIVES: ECON.MANK.299-Identifyifanattributeisacharacteristicofoligopolies.TOPICS: OligopoliesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 001.17.1-MC-MANK082. Instudyingoligopolisticmarkets,economistsassumethat a. thereisnoconflictortensionbetweencooperationandself-interest. b.
3、 itiseasyforagroupoffirmstocooperateandtherebyestablishandmaintainamonopolyoutcome. c. eacholigopolistcaresonlyaboutitsownprofit. d. strategicdecisionsdonotplayaroleinsuchmarkets.ANSWER: cDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.299-Identifyifanattributeisacharacteristicofol
4、igopolies.TOPICS: OligopoliesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 002.17.1-MC-MANK083. Thesimplesttypeofoligopolyis a. monopoly. b. duopoly. c. monopolisticcompetition. d. oligopolisticcompetition.ANSWER: bDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.299-Identifyifanattribut
5、eisacharacteristicofoligopolies.TOPICS: OligopoliesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 003.17.1-MC-MANK084. Iftwofirmscomprisetheentiresoftdrinkmarket,themarketwouldbea(n) a. Nashequilibrium. b. monopolisticallycompetitivemarket. c. oligopolisticallycompetitivemarket. d. duopoly
7、thathasonlytwofirmsiscalled a. atwo-tiercompetitivestructure. b. anincidentalmonopoly. c. adoublet. d. aduopoly.ANSWER: dDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.299-Identifyifanattributeisacharacteristicofoligopolies.TOPICS: OligopoliesKEYWORDS: BLOOM'S:Knowle
